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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Distribution centers
1410 Commerce Blvd Sarasota, FL 34243-5029
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3255942
Property summary
AI-generated overview
This exceptional 2,387-square-foot flex space in Sarasota, Florida, offers a versatile layout perfect for a variety of businesses. Located at 1410 Commerce Blvd N, in Manatee County (zip code 34243), this multi-tenant property boasts a prominent 15th Street frontage. The unit features a 989-square-foot air-conditioned storefront office/showroom area, complete with two private restrooms, open workspace, and a private office. Adding to its functionality is a 1,398-square-foot warehouse space accessible via a rear overhead door. Ample parking is available both in front and behind the building. The property is categorized as Retail, Office, and Industrial, encompassing Traditional Office, Creative Office, Flex, Warehouse, and Distribution subtypes. One drive-in bay is available. The lease rate is $4 per square foot, NNN. This location provides excellent visibility and convenient access, making it an attractive opportunity for businesses seeking a blend of office and warehouse space in a thriving Sarasota location.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1976
Construction
CONCRETE
Total area
24,000 SF
Lot
1.98 ac (86,292 SF)
Zoning code
LM
APN
66527.0000-3
UPID
US18-3255942
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mortuary Services Unit R 941 358 1228 Hospital
-
Integrity Pest Management Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Republic Road Retail Center LLC · 4 yrs held
Republic Road Retail Center LLC
since 2022
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
LM · Sarasota, FL
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sarasota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sarasota submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,090,000
ML approach
$2,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±10% · vs last sale $1.57M (Jun 3 2022)
Last sale anchor
$1.57M
Jun 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$75 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,435
Tax year 2023
Assessed value
$1,321,917
Assessed 2023
Previous assessed
$1,322,125
0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$289,659
Assessed improvement
$1,032,258
Land market value
$289,659
Improvement market value
$1,032,258
Total market value
$1,321,917
Applied tax rate
303.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
24,000 SF
Lot
1.98 ac (86,292 SF)
Zoning code
LM
APN
66527.0000-3
UPID
US18-3255942
Jurisdiction
MANATEE
Zoning & alternative use
LM · Sarasota, FLZoning LM · permitted uses
LM · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Sarasota
Building & site characteristics
From public records
Year built
1976
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Republic Road Retail Center LLC
Entity
Mailing address
2808 S INGRAM ML RD STE A100, SPRINGFIELD, MO 65804-4045
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$1,567,500
Republic Road Retail Center LLC
Kristine Kallie Van Roo
Warranty Deed
$1,445,600 · Oakstar Bank NA
Jun 23, 2010
—
Kallie Dorothy L Living Trust
Kallie,dorothy L
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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